Nu Holdings Ltd. (NYSE:NU) Shares Bought by Huntington National Bank

Huntington National Bank grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 86.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,601 shares of the company’s stock after acquiring an additional 2,131 shares during the quarter. Huntington National Bank’s holdings in NU were worth $63,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NU. Massmutual Trust Co. FSB ADV grew its holdings in shares of NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after buying an additional 1,422 shares during the last quarter. GAMMA Investing LLC grew its stake in NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in shares of NU in the third quarter valued at about $44,000. Toth Financial Advisory Corp purchased a new position in shares of NU in the third quarter worth about $55,000. Finally, ORG Partners LLC acquired a new stake in shares of NU during the second quarter worth about $54,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NU. Bank of America increased their price target on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Barclays raised their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. KeyCorp upped their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Susquehanna lifted their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, NU currently has an average rating of “Moderate Buy” and an average price target of $16.21.

NU Price Performance

NYSE:NU opened at $13.65 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 52 week low of $8.04 and a 52 week high of $16.15. The stock’s 50-day moving average price is $14.47 and its 200-day moving average price is $13.26. The stock has a market capitalization of $65.06 billion, a PE ratio of 37.92, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.